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Registrations to join the Tennessee Bitcoin Alliance are now live! http://tennesseebitcoin.org/join/With 3 Membership Options we have one that is right for you! Basic Membership - Free Includes: Basic Site Access, Special Event Invitations & Access to Bitcoin Education Programs Premium Membership - $70 Annually (BTC) Includes: Premium Site Access, Special Event Invitations, Access to Bitcoin Education Programs, Access to Advanced Bitcoin Education Programs, Ability to Join Action Teams, Eligibility for Board of Directors Seat, & Voting Rights Premium Membership - $500 One Time (BTC) Includes: Premium Site Access, Special Event Invitations, Access to Bitcoin Education Programs, Access to Advanced Bitcoin Education Programs, Ability to Join Action Teams, Eligibility for Board of Directors Seat, & Voting Rights Your support allows us to advance Bitcoin awareness, educate policy makers, and drive Bitcoin adoption in Tennessee. Join before Jan 31st 2015 and you will be registered as a "Founding Member" Don't forget about the Launch Party this Saturday Dec 6th 2PM at Riverwood Mansion We are serving Baby Back Ribs! Sodas, Beer, Cotton Candy, Popcorn and MORE! http://www.meetup.com/Nashville-Bitcoin-Meetup/events/218876786/If you live in Tennessee join the TBA!!
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Something wierd, happened, I bought 2 shares friday after the trading day was done, but still got credited 0.29$ for my 2 shares even tho the market was closed at 3 am... I think it's a little bit fishy.. since they lose money by giving me money they didn't use to trade with.... anyone has an explaination ?
thanks
it appears to be an automated payment system. i have found that as long as i buy my shares on a trading day before payout has happened i will always get credit for it.
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Regarding arbitrage i have explained it before on this forum, in short you never move fund from one exchange to other. Think that you can only trade in both, in that case you only need prices to vary on both exchanges. Challenge yourself and try to figure it out. You only consider one price against other, I'm doing that myself but there are lot of space for optimization, and that's the hardest part.
So you think bitcoin-trader.biz is optimising hardest part? Sorry missing the point. what Vach is saying here (and getting wrong btw) is that he is alluding that arbitrage traders NEVER move funds between accounts and that's just patently wrong. the way REAL arbitrage works is by putting funds in multiple currencies into different exchanges like such; Coinbase = $5000USD / 10BTC Bitstamp = $5000USD / 10BTC etc... etc... when coinbase has BTC for say $510 and bitstamp has BTC for $500 the arbitrage trader sells 1BTC for $510 on coinbase and buys 1BTC on bitstamp for $500, with a net gain of $10, and so on and so forth... thats how arbitrage works and it can be done with multiple currency pairs across an unlimited number of exchanges and can be done with altcoins in the mix as well. there is a HUGE market potential in cryptocurrency arbitrage. the MAGIC (and what vach is missing) is that this cannot go on indefinitely. you MUST rebalance your accounts at some point in order to maintain your ability to trade. and this is where wire transfers and ACH transfers come into play. for a trader to be really effective he has to have enough flow between banks to keep his trading accounts flush with funds. the more you have the more you can absorb slow transfers between banks. for rebalancing the crypto accounts it is easy... we all know how fast and simple that is. but for the cash it is harder and this is the number one reason why an arbitrage trader NEEDS larges amounts of capital to work with. trying to arbitrage on $10k would take you a million years to make any real money. arbitraging on $5m and now you got something. the HARD part is the efficiency of your rebalancing at the end of the trading day or week or month or however long you have funds to keep you moving. the more money you have the more "efficient" you are.
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as everyone complains about things being suspicious....
i am making and withdrawing money daily.
-just don't invest more than you can comfortably lose and be smart.
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Uh you think thats some safely kept secret?
Thats how real arbitrage works. Any arbitrage trader can tell you that.
However you're incorrect in saying that you never shift your funds from one exchange to another. Thats what a rebalancing of your cash account is for.
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You're naive of you think someone someone is moving finds via wire transfer in order to do arbitrage...
you're naive if you think i am naive <-- look i can play that game too (useless waste of bandwidth)
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I also think they are still trading with depositor money on weekends and holidays and keeping those profits. Not exactly ethical, but if that motivates them to keep this thing going, our incentives appear to be aligned.
I believe this to be exactly the case. And if so, I am ok with that as long as I keep making my 20% per month... win/win. I have looked at the mechanics of the arbitrage game myself and ALMOST created a similar platform. The real trick to making this all work is not in how they are making money (that's easy), it is in how they rebalance their cash accounts after the trades. With more cash volume it becomes easier to rebalance those cash accounts. With bitcoin it takes 10 minutes and boom you're done so volume isnt a big issues, but in order to rebalance the cash accounts you have to wait on wire transfers and the banks SUCK at this, even losing money on occasion. So with more volume in their cash accounts it makes it easier to rebalance faster for the next trade. I have read it asked here before somewhere "why if they are so profitable would they want our money to trade on, why not just use their own and keep all the profits" or something similar... well that is why. very large volumes of cash are required to make the trading profitable for one reason... "cash account rebalancing". So far I am VERY happy with how Bitcoin-Trader has done things. If people want to scream "ponzi" ok... well time will tell... Be smart. or just take a look at https://www.btclegacy.com/ and let's begin talking about their "legitimacy".... I almost want to put money in them just to see WTH is the deal.
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i personally know people that have bought shares and cashed them out after the 120 days. and coupled with the fact that i havent had a single issue with withdrawing funds daily... the question is... how long do you have to wait before you consider it "legit"?
i got in now. at this rate i wish i had gotten in back in Nov.
so how long do you wait? 1 year? 2 years? 3 years?
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karasako you are very close to hitting the nail on the head...
there are two things that you dont have in your numbers. one is that i was given some shares at the north american bitcoin car giveaway tour AND there is one other trick that I have employed that I wont mention publicly on the forum but if you PM me I could be coerced into telling you.
but all in all you are very close in your assessment.
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I was skeptical at first.
But I've put in $280 and with the shares they gave to me and the commissions I've earned coupled with the profits I've made my account now has $464 in just over a week.
Ive been able to cash out profits however I decided to reinvest them and compound them.
Worst case they are a scam. If so I've only lost $280. If they arent... ka-ching!
In just over a week you went from 280 to 464? They provide ~0.75% per business day... are you sure you calculated correctly? Yes I am getting referrals AND I am compounding my earnings. As of my writing this I have gone from $464 to $492... and no I am not miscalculating. I will probably get more referral between now and next tuesday morning (that's then I will see my next earning) and when I get my next $8 in there I will buy another share for a total of $500 in my account. I am quickly approaching double my money and I only started this on I think it was Aug 26th or 27th.
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I was skeptical at first.
But I've put in $280 and with the shares they gave to me and the commissions I've earned coupled with the profits I've made my account now has $464 in just over a week.
Ive been able to cash out profits however I decided to reinvest them and compound them.
Worst case they are a scam. If so I've only lost $280. If they arent... ka-ching!
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Hey, thanks for posting the link! I created the survey and came here to do the same. Looks like it's already taken care of. Nice ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) sure thing... over 2800+ respondents so far. thats not a bad data set but i am sure we could get more.
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yeah we should get more data.. repost this everywhere.
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yeah i noticed that the reddit users far outweighed the bitcointalk.org users so i figure the more data the more accurate...
it's pretty cool what kind of info you can glean from this... it even speaks to investment trends...
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That is your notion of inflation, not the one you will read in most textbooks on economics.
"In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.[2][3] A chief measure of price inflation is the inflation rate, the annualized percentage change in a general price index (normally the consumer price index) over time.[4"
Sir, this is the worst, manipulative post i have ever seen. The above quote is from Wikipedia, BUT you have intentionally erased a line from the definition. The original looks like this: "In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.[1] It can be defined as too much money chasing too few goods.YEP it is pretty clear that user: "Trading" is a douche Fed lapdog with no integrity. QE IS INFLATION. INFLATION IS BAD (no matter how try to justify it) Banks, manufacturers, governments, currencies and everyone should be allowed to fail. In their wake better solutions will arise. Look at Mt Gox. They sucked. They failed. Now better exchanges rule the landscape. Bitcoin and a truly free market will prevail.
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"but but but... user: "Trading" said there was no inflation...
so i believe him..."
-said no one ever!
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You don't know what is inflation.
End of conversation from my side, write alone, couldn't care less.
funny i seem to be dead on target with what inflation is even citing the very definition of it.. but yeah... you're probably right... {sarcasm intended} You probably have to go anyway and check in with Janet Yellen... she needs her lapdog...
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I would call that selective quoting of a notion of inflation.
I meant no inflation after the QE, as anyone paying attention would conclude.
Go see the figures on real GDP grow.
I'm not going to lower myself to return your compliments. But next one, you are going directly to my ignore list.
Quantitative Easing IS inflation lest we forget; Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective.[1][2][3] A central bank implements quantitative easing by buying specified amounts of financial assets from commercial banks and other private institutions, thus raising the prices of those financial assets and lowering their yield, while simultaneously increasing the monetary base.[4][5] This is distinguished from the more usual policy of buying or selling short term government bonds in order to keep interbank interest rates at a specified target value.[6][7][8][9]
lets highlight this - "while simultaneously increasing the monetary base."perhaps I should repeat this part for the slow people in the room... "while simultaneously increasing the monetary base."now if you're truly smart enough you will take this as another compliment and mash your almighty ignore button.
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Are you seriously retarded? Increasing the money supply isn't inflation.
WRONG!http://en.wikipedia.org/wiki/InflationIn economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It can be defined as too much money chasing too few goods. When the general price level rises, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. Anyway, it's an empirical verified fact: there were no inflation.
WRONG!![](https://ip.bitcointalk.org/?u=http%3A%2F%2F4.bp.blogspot.com%2F-3LcsZ1p27Tg%2FUOuChOrF1uI%2FAAAAAAAAFRc%2FvOSrM-LSxPc%2Fs1600%2FInflationChart.png&t=665&c=1vKzxKvtFNDf-A) Since the introduction of the US Dollar in 1913 it has lost over 97.5% of its purchasing power. THIS IS INFLATION!People have been claiming fire for more than a century, after the end of the golden pattern. But we are still here, much better than our grandfathers.
Better off than our grandfathers? Are you serious? Check out the national debt since 1950... we aren't better off than our Fathers much less our Grandfathers! In 1950 the national debt was about $257 Billion and today its $17,555,437,713,940 FUCKING TRILLIONS OF DOLLARS! Trading, its an empirical fact that you're wrong, retarded and a schill.
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